The Board meeting commenced at 04:00 PM and concluded at 05:55 PM at the company's registered office at 15 Ashwamegh Warehouses, Ujala Circle, Sarkhej, Ahmedabad, Dascroi, Gujarat, India – 382 210.

Key Business Approved:

1. Fundraising through Preferential Warrant Issue: The Board approved the issuance of up to 1,36,08,000 (One Crore Thirty-Six Lakhs Eight Thousand) warrants, each convertible into one equity share of face value ₹10.00 each. The warrants will be issued to persons/entities belonging to both "Promoter and Promoter Group" and "Non-Promoter Category" on a preferential basis, in one or more tranches.

Warrant Terms and Conditions:

  • Warrants shall be convertible into an equal number of equity shares within a maximum tenure of 18 months from the date of allotment
  • Payment structure: 25% of the total issue price payable upfront, with the balance 75% payable at the time of allotment of equity shares upon conversion
  • If balance payment is not received within the maximum tenure of 18 months, the upfront amount paid shall be forfeited

Allottee Details:

The warrant allocation is distributed among 12 investors as follows:

Promoter Group Allottees (3 entities):

  • Bizotic Dynamics Private Limited: 25,44,000 warrants
  • Bizotic India Private Limited: 33,48,000 warrants
  • Bizotic Industries Private Limited: 43,20,000 warrants

Non-Promoter Allottees (9 entities):

  • Deepak Jain & Sons HUF: 7,99,200 warrants
  • I D G Constructions Private Limited: 99,600 warrants
  • S G Import Export Company: 99,600 warrants
  • Meena Vinod Surana: 74,400 warrants
  • Aayush Beri: 74,400 warrants
  • Thakor Dhavalji Bhalaji: 74,400 warrants
  • Braso India Private Limited: 10,90,800 warrants
  • Finora Venture Private Limited: 6,06,000 warrants
  • Ikshvaku Clothing Private Limited: 4,77,600 warrants

Shareholding Impact:

Pre-issue promoter group holding: 46,56,000 equity shares (8.05%)

Post-conversion holding: 1,82,64,000 equity shares (25.55% of expanded capital)

Specific post-conversion holdings for promoter entities:

  • Bizotic Dynamics Private Limited: 37,44,000 shares (5.24%)
  • Bizotic India Private Limited: 47,40,000 shares (6.63%)
  • Bizotic Industries Private Limited: 63,84,000 shares (8.93%)

Next Steps:

The company will convene an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the preferential issue. The notice of EGM and relevant documents will be submitted in due course.

The document was signed by Sanjay Mahavirprasad Gupta, Managing Director (DIN: 07610448), on September 10, 2026, at 17:56:19 IST.